Notwithstanding Section 53601 or 53635, the governing body of a local agency may invest funds designated for the payment of employee retiree health benefits in any form or type of investment deemed prudent by the governing body pursuant to Section 53622.
(Added by Stats. 1998, Ch. 996, Sec. 7. Effective January 1, 1999.)
Last modified: October 25, 2018